Raymond James Financial Services Advisors Inc. Boosts Stock Position in Stellantis (NYSE:STLA)

Raymond James Financial Services Advisors Inc. boosted its position in Stellantis (NYSE:STLA – Get Rating) by 15.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,433 shares of the company’s stock after purchasing an additional 7,612 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Stellantis were worth $680,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. US Bancorp DE raised its stake in shares of Stellantis by 3.2% during the 1st quarter. US Bancorp DE now owns 25,689 shares of the company’s stock worth $418,000 after acquiring an additional 802 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Stellantis by 2.6% during the second quarter. Assenagon Asset Management S.A. now owns 62,200 shares of the company’s stock worth $767,000 after purchasing an additional 1,595 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Stellantis by 8.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 20,000 shares of the company’s stock valued at $247,000 after purchasing an additional 1,600 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. boosted its position in shares of Stellantis by 4.1% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 40,407 shares of the company’s stock worth $657,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Stellantis during the 3rd quarter worth $349,000. 32.95% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Up 0.5 %

Shares of NYSE STLA opened at $15.28 on Tuesday. Stellantis has a 52 week low of $11.37 and a 52 week high of $19.96. The business’s 50 day moving average price is $14.90 and its 200 day moving average price is $13.91. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

A number of research firms have commented on STLA. Berenberg Bank decreased their price target on Stellantis from €21.00 ($22.83) to €19.00 ($20.65) in a research note on Friday, October 14th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Thursday, October 20th. Finally, Nomura Instinet raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Thursday, October 20th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Stellantis presently has an average rating of “Moderate Buy” and an average target price of $21.00.

About Stellantis

(Get Rating)

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.